...order for us to achieve the same goals and objectives per period. The company sets our quota periodically. At the end of the period, we discuss with our superior of what percentage we have achieved in a certain time. Aside from strategic congruence, Thoroughness is also present. We also follow the 4 dimensions in performance management. Employees are being evaluated at a certain period of time, once a year, including managers. Human resource will also evaluate our job descriptions as well as our responsibilities and duties. After being evaluated for a certain period of time, feedbacks are given to us regarding our performance for that period of time. 2. Two characteristics that are not present in our firm are the Identification of Effective and Ineffective performance and Reliability. There are some employees that are not working properly yet they are still receiving allowances and incentives. It is a combined effort of all employees disregard of what an employee has done to achieve monthly quota. We can also not secure in staying in the company even if you were trying so hard. Supervisor’s judgment in performance evaluation is not fair and not free of error. 3. The best characteristic that is present in our company is the strategic congruence. Our individual goal is aligned with the company’s goal. Our immediate superior always discusses to his...
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...accountability based on “work and interaction”, in accordance with explaining the consequences of treating the individual not as an instrumental. In my personal opinion, I agree with an individualizing form of accountability because the organization stands for making a profit. In order to sustain and maintain the organization, a company needs to have a good performance, which brings it a profit. The hierarchical accountability is most suitable for this goal because it concentrates on securing self, as one is driven by the standard of acceptance and recognition. On the other hand, I do give a certain respect to attempting a socializing form of accountability. This form may benefit the company, as it facilitates a shift in focus away from superior control and makes a subordinate accountant have face-to face accountability between people of relatively equal power. However, it will eventually become a double-edged sword because this form of accountability leads to direct encounters between others. When that occurs, it...
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...Company Vision: A globally recognized company and at the forefront of the hospitality and real estate industry in the country that offers consistent products and services in key business and leisure destinations. We will be known for our innovation, exemplary service to both external & internal customers, and superior financial performance. Company Mission: We are committed to deliver quality products and services to exceed our clients’ satisfaction. We constantly achieve to reward them with superior experience and value for their money. Brief Historyof the Company and its Businesses: The company J. King & Sons Trading was started in 1950’s by family patriarch Jesus King. Beginning with a textile store called the King’s Remnants up to the 1960’s. In 1972 it was incorporated to J. King & Sons Company, where it ventures into real estate development. To date, the company business has diversified into: * Real Estate Leasing * Drive-In Hotel Operations * Hotel Operations * Health and Leisure * Real Estate Development * Laundry Operations Real Estate Leasing: J. King & Sons Company Inc. began to venture into the leasing of warehouses and commercials and residential spaces in 1970’s. It is now leasing over 200 warehouses in key areas of Cebu, Manila and Davao. Drive-In Hotels: In the mid-1990’s the company began focusing on the idea of a per day rental basis for its apartments to boost its real estate leasing business...
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...To show that the companies are now merged, one of the most common practices is to use “one company, one email”. That way everyone can see that the companies have merged. But we also need to know how many computers they are currently using as well as how many servers, both physical and virtual. This will allow us to assess the combined strength of their IT infrastructure. We also need to know what version of Windows Server they are using as well as what Exchange server that they are using, that will help us establish how we can migrate all the information to one server for the new company to access the combined information. This will also allow us to establish domain trust for both networks that way both companies can access and share information between all the users. We can use the Active Directory Migration Tool to help with the merger of information. The ADMT will allow us to migrate users, computers, and groups from one domain to another domain. Since we are using an Exchange Server we need the information for the other company so we can use the Inter-Organization Replication Tool to replicate all of the information between the exchange servers so they both have all of the information, emails and anything that has been sent. This will also allow the coordination of meetings, appointments, contacts and all public folders to share access. If one or more domain exist, as in a merger, you can combine the multiple domains into a hierarchical tree structure. If one company is using...
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...Superior Supermarkets Memo Memorandum To: James Ellis, President of Superior Supermarkets CC: Randall Johnson, District III Manager of Superior Supermarkets From: Matthew Clemente RE: Potential Everyday Low Pricing Strategy Date: April 9, 2010 The challenge presented to the President of Superior Supermarkets James Ellis and his district manager Randall Johnson is whether or not to implement an everyday low pricing strategy to the Superior Supermarkets stores in Centralia, MO. Superior Supermarkets’ current pricing strategy is a high-end branding strategy, giving them the highest prices in Centralia. With their declining market share the past seven years (they currently have 23% market share in 2002, down from 31% just three years ago; see Exhibit 2) Superior Supermarkets looks to increase their rising revenues from the past three years (Exhibit 4), regain their past successful market share and maintain their already successful contribution margin. To accomplish these three goals, there are several alternatives that Superior Supermarkets could employ to help them retake the market in Centralia. The three locations of Superior Supermarkets in Centralia certainly give them precedence in location, but their market share should certainly be higher with the various options of location they give their customers. However, customers in Centralia are certainly price-sensitive and a new pricing strategy must certainly be considered to give Superior Supermarkets the...
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...Superior Slate Case Study The Superior Slate Quarry had been recently redesigned and updated, but Thomas North became concerned due to negative impacts on productivity due to the implemented changes. Analysis Reorganization of Superior Slate impacted the mattering maps of its employee, especially the splitters and trimmers that had worked as teams since the company’s inception. Prior to implemented changes, these individuals interacted frequently, had a common goal and work ethic, and genuinely enjoyed working together. These individuals worked together in small shanties, all day within their small groups. This type of work had been a way of life for these men and their families for generations. Being from Wales, they would socialize outside of work as well. Due to their cultural, social environments and working relationships, they knew the expectations of each person they worked with, as well as what was expected from them. These individuals had a shared vision of what quality work was and what needed to be done to achieve it. With corporate restructuring and changes in hob duties, these employees are forced to work in a different set of circumstances. Confusion has caused difficulty in performing the job at the level it was previously performed. The high values that were shared within the work environment dissipated their shared culture. If one person fell behind, in the previous work environment, their team would help them catch up in their spare time. ...
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...Superior Grain Elevator was located at Thunder Bay, Ontario, Canada’s third busiest port. With 14 giant grain elevators, Superior was able to load ships constantly sending grain to all parts of Eastern Canada and the globe. The ships were contracted for by agents who lined up the required tonnage of shipping capacity to fulfill the various contracts held with Superior. Although the agents tried to arrange for ships to arrive at Thunder Bay in a steady stream, the vagaries of lockage transfer times in the Seaway resulted in quite variable arrival times, at times forcing arriving ships to anchor when both wharfs were busy. This resulted in SGE having to incur demurrage charges at a rate of $2000 per day. Mike Armstrong, manager of port facilities for SGE, had just learned that the Canadian Government had negotiated a 5-year contract with Poland, and that Superior had been allocated some of the shipments. However, the two wharfs Superior currently had might not be enough to carry out the contract efficiently, and building a third wharf was being considered. The third wharf was estimated to cost $1,500,000. Superior Grain Elevator needs to consider the pros and cons of building a third wharf and decide if the benefits & savings will offset the cost of the investment. After careful consideration and analysis, using the ROI, NPV, FV formulas and @Risk, we do not recommend for SGE to build a third wharf. Even though the construction of the third wharf will provide the company a mean...
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...Question 1 Answer Based off of the 2004 statement of profit and loss data, I do agree with Water’s decision in keeping product 103. The total sunk costs for the company could be more substantial in a shorter time than having years of low profits from the sales of product 103. Overall the company would lose $4,933,000 by eliminating product 103. Recovering the indirect costs of dropping the product line would also be unclear as well. An incremental analysis would be the best approach in determining whether keeping product 103 is beneficial or not. Continue Drop Difference ***(Thousands $)*** Sales $ 26,670 0 -26,670 Less-Variable Expense Compensation Insurance 458 0 458 Direct Labor 6,879 0 6,879 Materials 4,851 0 4,851 Supplies 350 0 350 Repairs 104 0 104 Power 302 0 302 Total Variable Expense 12,944 12,944 Contribution Margin 13,726 -13,726 Less-Fixed Expenses Rent 1,882 1,882 0 Property Taxes 401 401 0 Property Insurance 534 534 0 Indirect Labor 2...
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...Introduction Superior Manufacturing Company is a company that had a loss of $688,000 in 2004. Manufacturing products 101, 102, and 103, cost analysis shows that products 102, and 103 have been unprofitable. SMC is also a company that has many competitors with products that are very similar so raising prices would cause customers to search for alternatives. The dominant competitor, Samra Company has been the cost regulator in the market by setting prices to be matched by competition. The manufacturing process uses three horizontally integrated dedicated factories that do not typically operate at capacity. Superior Manufacturing Company also uses a standard value costing method that is based on past performance. Decision to keep Product 103 Continuing production vs. Stopping production assumptions * Continue to pay fixed costs, not sell machinery immediately, and cut power to the building * Immediately reduce all direct labour costs, and reduce indirect labour costs to 5% for administration involving the property Table 1 (In thousands $) | Continue Production | Stop Production | Rent | $ 1,882 | $ 1,882 | Property Taxes | $ 401 | $ 401 | Property Insurance | $ 534 | $ 534 | Compensation Insurance | $ 458 | $ 5.77 | Direct Labour | $ 6,879 | | Indirect Labour | $ 2,309 | $ 115.45 | Power | $ 302 | | Light and Heat | $ 106 | | Building Service | $ 75 | | Materials | $ 4,851 | | Supplies | $ 350 | | Repairs | $ 104 | | Total | $ 18,249...
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...Superior Supermarkets Everyday Low Pricing In: Business and Management Superior Supermarkets Everyday Low Pricing Superior Supermarkets (SS) is a division of Hall Consolidated, a privately owned wholesale and retail food distributor. Hall distributes food and related products to some 150 company-owned supermarket units and about 1,100 independent grocery stores in the U.S. through 12 wholesale distribution centers. Superior is the smallest of the three supermarket chains owned by Hall, with sales of $192.2 million in 2002. Sales of three Centralia stores were $14,326,700 in 2002. Randall Johnson, the District Manager for the Centralia stores, has recommended that they implement everyday low pricing (ELP) since Superior’s prices are higher than the competition at a time of growing price consciousness, and that the price differential could cause them to lose market share. Problem Statement Superior Supermarkets (SS) must decide whether o not to pursue an everyday low pricing (ELP) strategy at its three Centralia MO locations. Analysis Three viable alternatives have been found. Alternative #1 is to do nothing. Do not adopt ELP and keep the current promotional budget. If market share continues to decline, at the growth rate of -0.53% or greater, this alternative would be deemed unsuccessful. Conversely, if market share remains stagnant or improves, this strategy would prove to be prudent. Alternative #2 is to implement a ‘limited ELP’ model. By marginally increasing the...
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...Seminar Debate paper 1 Topic: Is it ever right to try to create a superior human being? - aye When asking the question “Is it ever right to try to create superior human being?” we are actually raising two issues: whether it is justifiable to attempt to create superior human being in the first place and whether the being created is the right cause for that attempt. In this essay I would like to argue in favor of this argument, firstly by pointing out some benefits of creating a superior human being, followed by responding to possible oppositions against each of the two interpretations of the original question. In my opinion, a superior human is a being with higher capacities than present human. Physically this may equate stronger muscles, enhanced senses, immunity against diseases, ability to shape body according to desire (Bostrom, 2005, p6). Superior human beings also have greater intellectual ability, emotional control and higher morality. With those enhanced abilities, superior humans may actually achieve what we have always thought impossible due to the limitation of our lifespan and our human mind, such as finding the answer to all philosophical questions or discovering the ultimate scientific truths (Bostrom, 2005, p5). They can help us solve the problems existing in our world nowadays, such as poverty, racial and religious conflicts, environmental problems… It should also be noted that if being superior means to be better than norm, then this concept of superiority is...
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...Case; Superior Supermarkets “Everyday Low Pricing” Company background; * Superior supermarkets is a division of Hall Consolidated, a privately owned wholesale and retail food distributor, Hall formed in 1959 and distributed food and related products to 150 company-owned supermarket units, operating under three supermarkets chain names through 12 wholesale distribution centers in US, its sales in 2002 were 2.3 billion *The three Superior supermarkets are located in Centralia-Missouri, Everyday Low Price Policy; A retailer charges a constant lower everyday price for merchandise with few, if any, price discounts, this practice differs from a “Hi-Lo” price policy, whereby a retailer charges higher prices on an everyday basis, but then runs frequent promotions. The Goal of the Superior Markets new approach “Everyday low price”; 1-Superior’s prices were higher than the competition 2-Superior could lose market share due to the price differential and accordingly losing its second position “Market challenger”. Everyday Low Pricing Implementation Considerations; *All of the Hall executives acknowledged that Superior Supermarkets were rightly perceived by shoppers as having the highest prices *Whether or not to adopt this pricing strategy across-the board for all products or just certain categories? *The pricing itself and how much it should be lower? As the studies showed that their market-basket prices were always 7-10% higher than other competitors ...
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..."Is there a superior race?" This was one of the questions posed, and an episode, by Through the Wormhole. Currently it doesn't appear that there is. The posit from the scientists presented during the episode is that on a biological level there is no more room, in humanities current state of evolution, to improve mentally. This is supposedly because for the brain to improve, it would require much more space and energy than is readily available. For these kinds of changes to take place births would become too difficult or infancies would last significantly longer. These scenarios would make the likelihood of their fruition highly unlikely. The scientists hypothesized that the next evolution in intelligence, toward a superior race, will be brought forth because of technology and the highly social and globally availability of information. Because the changes in different things like cell phone and social media the human evolution is propelled artificially. A superior race brought forth from cooperation and a technological society. There is another artificial way, the scientists admit, that may bring about a superior race. This superior race may become evident from a very exclusive class in society, the wealthy. This is more of a dire scenario in which a wealthy class reserved all the best services and resources for themselves while the rest of humanity was left the scraps. This would eventually produce a much higher evolved group of humans among the elite, while the...
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...Warning, this is a study guide, not a cheat sheet. 1. Prepare a statement showing the incremental cash flows for this project over an 8-year period. -Initial investment: The initial investment (I) is the sum of the investment in plant and equipment. I = $1,000,000 -Working Capital: The additional net investment in inventory and receivables is the working capital needed for the project: WC = $200,000 There is no additional info about the WC, so we can assume that it will not change over the project's life. Then Working Capital Change for each year Yi is: this is a study guide, not a cheat sheet. ChWCi = Previous Year WC - Current WC = 0 (for i=1 to 7) and ChWC0 = -$200,000 The working capital is recovered, this means that for the end of the year 8 it will be zero or: this is a study guide, not a cheat sheet. ChWC8 = $200,000 -Depreciation: For the first five years Yi (i = 1 to 5): Di = (Invest in plant and equipment)/5 = $1,000,000/5 = $200,000 For the years 6 to 8 the depreciation will be zero. this is a study guide, not a cheat sheet. -Revenues: For the first year the expected revenues will be: R1 = $950,000 For the years Yi (i=2 to 8): Ri = $1,500,000 -Expenses: Indirect incremental costs will be $80,000 all the eight years. For each year the direct costs will be 0.55*Ri. Then for each year Yi (i=1 to 8), the expenses (Ei) will be: this is a study guide, not a cheat sheet. Ei = $80,000 + 0.55*Ri...
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...may have given CARDWARE Inc. a good example for potential customers. Although the company wants to put off he athletic look which she apparently does not have. It is not being sexist or age discrimination it has to do with company image, just like not hiring someone because they have gauged ears you don’t want the company to have that image so you can continue to attract the customer base you require. “Under the doctrine of Respondent superior, the principal-employer is liable for any harm caused to a third party by an agent-employee within the scope of employment” (Miller, R. L. 2012) The plaintiff could use a theory of negligence and a theory of vicarious liability and Respondeat superior to state that The Sporty One is responsible for the actions of its clerk. In order to establish an employer's liability for the actions of its employee in a tort action, plaintiff must prove that an Employee/Employer relationship actually existed and, that the tortious conduct of the employee occurred within the "scope of his employment." The respondent superior also states that restatement sets forth various factors to determine whether unauthorized conduct is similar to or incidental to the conduct that caused the incident. In this particular scenario, the employer's best defense is that the employee's actions are outside the scope of the employee's duties. Undeniably, the employer can likely state the company's policy is to call emergency...
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